Infrastructure Finance Series: Alternative Project Delivery from Design-Build to Public-Private-Partnerships

Alternative project delivery (APD) encompasses a spectrum of different methods for procuring and managing infrastructure assets. The spectrum starts with design–build, where a single entity is responsible for both designing and constructing a project. At the other end of the spectrum are public–private–partnership (P3) concessions, where a private entity not only designs and builds, but provides financing and operations and maintenance services under a long-term contract (25 years+).